Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Singapore Leads Growing World Millionaire Population

June 2, 2011 by Marion Maneker

Bloomberg offers a window into world wealth accumulation by citing this Boston Consulting Group study of the asset managers and their clients. Turns out there is 12.5 million households with liquid, investible wealth of $1m or more. That’s a big population:

The U.S. had the most $1 million-plus households, with 5.2 million, followed by Japan and China. […] Singapore also had the highest proportion of millionaire households at 15.5 percent, followed by Switzerland and Qatar. Saudi Arabia had the highest concentration of ultra-high-net- worth households, which are those with more than $100 million in assets, at 18 per 100,000. Switzerland was second, and Hong Kong was third. […] Singapore millionaires rose by almost 33 percent after jumping about 40 percent a year earlier.

World’s Wealthy Rose by 12%: Boston Consulting (Bloomberg)

More from Art Market Monitor

  • Gorky, Mitchell Lead Hauser + Wirth Art Basel StandGorky, Mitchell Lead Hauser + Wirth Art Basel Stand
  • Fed Up with Art FairsFed Up with Art Fairs
  • The Rockefeller RazaThe Rockefeller Raza
  • Kelly Crow: Raphael to Mid-EastKelly Crow: Raphael to Mid-East
  • Christie’s Adds a Contemporary Evening Sale for MayChristie’s Adds a Contemporary Evening Sale for May
  • Serious ThingsSerious Things

Filed Under: Economic Trends

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor